Ask Question
BusinessBusiness
12 August, 02:03

Given the following costs and activities for Dance Company's electrical costs, use the high-low method to determine Dance's variable electrical costs per machine hour. Costs Machine Hours August $11,700 15,000 September 13,200 17,500 October 11,400 14,500 a.$6.00 b.$1.20 c.$0.60 d.$2.08

+1
Answers (1)
  1. 12 August, 04:00
    0
    The variable cost is $0.6 per Machine Hour. So, option C is the correct answer.

    Explanation:

    The high low method is a method used to calculate the variable component per unit in a mixed cost. A mixed cost is a cost which contains an element of both the fixed and the variable cost.

    The formula for variable cost per unit under High-low method is,

    Variable cost per unit = (Cost at Highest activity - Cost at lowest activity) / (Highest activity units - lowest activity units)

    The highest activity is in September while the lowest is in October.

    Variable cost per unit = (13200 - 11400) / (17500 - 14500)

    Variable cost per unit = $0.6 per Machine hour
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Given the following costs and activities for Dance Company's electrical costs, use the high-low method to determine Dance's variable ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
All wages paid were subject to FICA. FICA tax rates were 7% each for employee and employer. In InterSlice's jurisdiction employers must also pay unemployment taxes under FUTA at a 2% rate. InterSlice remits taxes on the 15th of the following month.
Answers (1)
Who is the first female Justice of Nigeria
Answers (2)
BurgerMan and Jeffrey's are fast food chains providing similar items. BurgerMan offers food from a standard menu, while Jeffrey's positions itself as providing more customized products. Consider two franchises, one of each chain.
Answers (2)
The decision to enter a new market is an example of a. strategic planning b. management control c. tactical planning d. operational control
Answers (1)
18:Posttest 18 Economic Development and Transition 1. China's steps to modify its centrally planned economy included O special economic zones to encourage foreign investment O an increase in the military budget O an emphasis on subsistence
Answers (1)
New Questions in Business
A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.
Answers (1)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Home » Business » Given the following costs and activities for Dance Company's electrical costs, use the high-low method to determine Dance's variable electrical costs per machine hour.
Sign Up Forgot Password?